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(Querist) 26 December 2011 This query is : Resolved 
Dear Professionals,
Plz tell me is der any way out to avoid forfeiture of 25% upfront money received earlier in compliance with SEBI Preferential allotment Guidelines for warrants. If Company is not able to convert warrants issued on preferential basis in to equity shares with in 18 months as per SEBI guidelines.
Also can the price of shares be recalculated before converting it into warrants.

Regards
Rajesh
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Jai Karan Nagwan (Expert) 27 December 2011
Please become member of CAclub for better response.

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